Tag: Digital currencies

The founder of early crypto adopting online retailer Overstock is confident about the potential of blockchain technology. He is so optimistic, in fact, that …

The founder of early crypto adopting online retailer Overstock is confident about the potential of blockchain technology. He is so optimistic, in fact, that he plans to sell his commanding stake in the firm’s retail wing to explore its blockchain venture division, Medici Ventures.

Bryne Bets Big on Blockchain

Despite the 2018 crypto bear market seriously taking its toll on Overstock.com, its founder, Partick Byrne, is still more than a little bullish on the technology underpinning digital assets: blockchain.

Byrne, and by extension Overstock, have long been tied to crypto and blockchain technology. The retailer was one of the first big names to accept Bitcoin in 2014. Since then, the founder and CEO of the retail firm has been vocal about the possibilities of both digital currency and its underlying tech.

Most recently, Bryne has stated that he very much feels the widespread use of a decentralised, stateless cash will be part of humanity’s future.

For Bryne, however, the true opportunity is not to be found in online retail, even those paid for with Bitcoin.

Instead, it is far more likely to lie in one of the 12 and counting blockchain startups currently receiving funding from Medici Ventures. That is why he has decided to sell his 20.2% commanding share in the firm to undisclosed interest. The deal is expected to be wrapped up as early as February, 2019.

From Furnishing to Fintech…

Medici Ventures Inc. has so far been the recipient of a massive $175 million from its parent company. It houses several startups focused on, as diverse a range of interests as, a Rwandan government property-rights platform to Voatz, the somewhat controversial West Virginia overseas citizen blockchain voting pilot.

Perhaps the crowing jewel in the Medici crown is an exchange platform known as tZero, which has already been over three years in the making. Naturally, such development doesn’t come cheap and the venture is costing the Medici and Overstock millions per month.

tZero is expected to be a platform that will allow the exchange of a variety of various assets in an efficient and transparent fashion. It would start off with the increasingly popularity of security tokens and also develop a system of tracking equities borrowed by market shorters.

Byrne commented on the financial drain the tZero platform has been for Overstock in a report by the Wall Street Journal:

It is for the best that Byrne does not care about the recent financial shortcomings of Overstock. Medici lost the company $39 million of their total $163.7 million in losses recorded during the first three quarters of 2018. However, the CEO and founder has his eyes on far greater things:

“Being the guy who pedals along and makes $10 to $20 million a year wasn’t sustainable… We have maybe several multibillion-dollar properties in there.”

The share value of Overstock has also had a bumpy ride since its fortunes seem to be linked to those of the crypto market in general.

Last year, stock at the company ran up from $15 in the summer to $87 at the height of last year’s speculative mania. Since then, like the market capitalisation of all digital assets, it has plummeted to its current price of around $17.

November 23, 2018

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DNotes (NOTE) traded down -21.91% to American dollar during the last day period ending 14:30 on November 23rd EST. DNotes currently has a total market capitalization of $1,269,299 and its 24hr volume is about $72,367. Within the last seven day interval, DNotes is -35.52% against the American dollar along with a move of 1.59% inside the last hour.

Now look at how other currencies have performed since yesterday:

DNotes Info

DNotes has a maximum supply of 135,043,262 coins. It started on 16th February, 2014.

Coming from cryptocompare: “First launched in February 2014, DNotes is a blockchain-based digital currency and payment system developed by DNotes Global Inc. It allows users to perform crypto transactions within the platform. In addition, DNotes features a vault service named DNotes Vault as well as a news and information media outlet, the DCEBrief.The NOTE token is a Scrypt-based algorithm cryptocurrency. It is open source, uses a Proof of Stake (PoS) mechanism to reward, and charge a 0.005 NOTE fee for each transaction made with the token.”

A handful of handy links are following, should you wish to read more about DNotes:

NOTE: Info for Traders

It’s not always possible to buy cryptocurrencies such as DNotes right away using USD. Investors trying to get NOTE may perhaps need to firstly get BTC or ETH from an market place that has USD currency trading pairs like Coinbase and GDAX. Traders may then make use of this Bitcoin or Ethereum to buy DNotes using one of the exchanges posted above.

This is why the whole cryptocurrency market is worried about what can happen in the near future with this virtual currency. Although it has been a hard …

Bitcoin has been in a bear market since the beginning of the year. During the last weeks, its price has fallen even more to new year lows. This is why the whole cryptocurrency market is worried about what can happen in the near future with this virtual currency. Although it has been a hard year for Bitcoin, this is not the first time that this situation happened in the market.

Back in 2011, 2013 and 2014, there were different bubbles that burst leaving investors with a negative sentiment about virtual currencies. The twitter user DennisParker decided o upload a graphic in which it is possible to see past Bitcoin crashes. He shows that the current bear market has registered a correction of 80% since Bitcoin reached almost $20,000 dollars.

However, on past occasions, Bitcoin retraced 94% in 2011, 83% in 2013, and 87% between 2013 and 2015. In order to reach a new all-time high, it took 19 months in 2011, 7 months in 2013, and 39 months between 2013 and 2015.

This graphic shows that although we are in a bear market, an 80% decrease is not so bad compared to past bubbles. Nevertheless, this can also mean that we can still reach lower lows this year. According to Bloomberg analysts, Bitcoin could reach $1,500 before ending the bear market.

However, this is not the only analysis that can be made comparing Bitcoin to previous bubbles in the space. Mati Greenspan, a Senior Market Analyst at eToro, wrote a tweet in which he shows the percentage decline of stock companies such as Amazon, Cisco Systems or Priceline.com. Some of them lost more than 99% of their price between 2001 and 2002 when the dot-com bubble burst.

It is important to mention that not all these companies were able to reach again an all-time high or recover. But for example, Amazon experienced a 98.7% drop and grew 37,000% years later.

At the moment, the market is in a very negative situation and it might not be the time to see a recovery. Nevertheless, in the near future, there are some events that could help Bitcoin to start to grow again as it happened in the past.

Currently, Bitcoin is being traded around $4,321 dollars and it has a market capitalization of $75.15 billion dollars. XRP, the second largest crypto in the market is being traded close to $0.41 dollars and it has a market capitalization of $16.52 billion dollars.

The Black Friday has reached the virtual currency market. Bitcoin (BTC), Ethereum (ETH) and other virtual currencies are being traded between 5% to …

The Black Friday has reached the virtual currency market. Bitcoin (BTC), Ethereum (ETH) and other virtual currencies are being traded between 5% to 10% lower than 24 hours ago. Bitcoin can be purchased under $4,300 and Ethereum under $125 dollars. XRP is getting close to $0.4 dollars per coin.

Cryptocurrencies are experiencing a bear market that started at the beginning of the year. However, since November 14, Bitcoin and other digital assets experienced another drop that continues until today.

One of the reasons behind this situation is related to the hard fork that took place on the Bitcoin Cash (BCH) network. Since that moment, November 15, the market has also experienced an increased selling pressure, making Bitcoin and other cryptos plummet to the lowest levels in more than a year.

Since Bitcoin’s all-time high in December 2017, the popular virtual currency has lost almost 80% of its price. There are some experts that believe that Bitcoin can fall even further in the near future. Bitcoin could test $3,500 or even $1,500. According to analysts at Bloomberg Intelligence, Bitcoin could keep falling in the coming weeks. If Bitcoin reaches $1,500 dollars, that would be a correction of 92.5% since it reached its highest point.

Ethereum has lost more than 90% of its value since the beginning of the year. However, if Bitcoin continues to fall it might see prices close to $100 dollars. In the last 24 hours, Ethereum lost 6% of its value compared to Bitcoin close to 3.7%.

XRP, the second largest virtual currency has also lost 5% during the last 24 hours. This virtual currency has a market capitalization of $16.87 billion dollars, $3.82 billion more than Ethereum. Bitcoin remains as the indisputable leader with a market capitalization of $76.15 billion dollars.

The cryptocurrency market capitalization is currently $139 billion dollars, the same as it had more than a year ago in September 2017. As mentioned before, one of the main catalysts for this price drops might be related to Bitcoin Cash’s hard fork. There is a hash war between Bitcoin Cash networks that might require both sides to spend a lot of money in order to sustain their operations.

However, the U.S. Securities and Exchange Commission (SEC) has recently announed enforcement actions against two Initial Coin Offerings (ICO). In the future, new rules could affect the whole market and crypto space.

Another issue could be related to the fact that the Intercontinental Exchange (ICE) has delayed the launching of its Bakkt platform for more than a month. This platform would allow new wealthy and traditional investors to have access to virtual currencies and to the crypto market.

However, there are some positive things for the future that would allow Bitcoin and other virtual currencies to start growing again. According to Sonny Singh, Bitpay Chief Commercial Officer, Bitcoin could reach between $15,000 and $20,000 dollars.

Nevertheless, in order for the market to grow, he said that new products will have to see the light for the price to start moving upwards. We are talking about Fidelity Investments launching a platform for institutional investors, Goldman Sachs getting involved in the market, the SEC finally approving a Bitcoin ETF and the so-awaited Bakkt platform.

If this does not happen, Singh said that the market will not have a clear direction where to go.

Cypher (CYP) Price Tops $0.0482 on Top Exchanges … Ethereum Classic (ETC) traded down 11.1% against the dollar and now trades at $5.03 or …

Cypher (CURRENCY:CYP) traded flat against the US dollar during the 1-day period ending at 13:00 PM E.T. on November 16th. Cypher has a total market capitalization of $307,014.00 and approximately $0.00 worth of Cypher was traded on exchanges in the last 24 hours. One Cypher coin can currently be purchased for approximately $0.0482 or 0.00000487 BTC on cryptocurrency exchanges. During the last week, Cypher has traded up 24.6% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

Bitcoin (BTC) traded 4.7% lower against the dollar and now trades at $4,283.37 or 1.00000000 BTC.

Ethereum (ETH) traded 8.5% lower against the dollar and now trades at $120.42 or 0.02815438 BTC.

Bitcoin Cash (BCH) traded 6.7% lower against the dollar and now trades at $203.76 or 0.04763915 BTC.

Litecoin (LTC) traded 6.7% lower against the dollar and now trades at $31.47 or 0.00736161 BTC.

Monero (XMR) traded 6.4% lower against the dollar and now trades at $63.70 or 0.01490069 BTC.

Ethereum Classic (ETC) traded down 11.1% against the dollar and now trades at $5.03 or 0.00117641 BTC.

Zcash (ZEC) traded down 8.7% against the dollar and now trades at $75.83 or 0.01772929 BTC.

Bitcoin Gold (BTG) traded 5.6% lower against the dollar and now trades at $18.97 or 0.00443534 BTC.

Dogecoin (DOGE) traded down 4.1% against the dollar and now trades at $0.0023 or 0.00000054 BTC.

Bytecoin (BCN) traded down 5.4% against the dollar and now trades at $0.0009 or 0.00000021 BTC.

About Cypher

Cypher (CYP) is a proof-of-work (PoW) coin that uses the QuBit hashing algorithm. It was first traded on June 12th, 2014. Cypher’s total supply is 6,365,285 coins. Cypher’s official Twitter account is @CypherCoin2015.

Buying and Selling Cypher

Cypher can be bought or sold on the following cryptocurrency exchanges: . It is usually not currently possible to purchase alternative cryptocurrencies such as Cypher directly using U.S. dollars. Investors seeking to trade Cypher should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cypher using one of the aforementioned exchanges.